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1.       What is opportunity cost?  Describe some of the opportunity costs  when  you decide  to do the following. a.       Attend college instead  of taking  a job. b.       Ride a bus instead of driving your car.   2.        Define price elasticity of demand. How you will use it to define an ‘inferior good’? Give two ex ...

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Tags: United Kingdom London Economics Economics Exam Questions  Univrsity of London Economics-SCU82 

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